Everything about Henry Schultz totally explained
Henry Schultz (
September 4,
1893 –
November 26,
1938) was an American
economist and
statistician, one of the founders of
econometrics.
Life
Henry Schultz was born on
September 4,
1893 in a Polish family in
Szarkowszczyzna, the
Russian Empire (now part of
Belarus). His family moved to the
United States, to
New York City, where Henry completed his primary education, as well as undergraduate studies at the
College of the City of New York, receiving a BA in
1916. For graduate work, Henry Schultz enrolled at
Columbia University, but had to interrupt studies in 1917 because of
World War I. After the war he received a scholarship which enabled him to spend 1919 at the
London School of Economics and the
Galton Laboratory of
University College London, where he'd the opportunity to attend
Karl Pearson's lectures on statistics.
After returning to the US, in
1920 Schultz married to Bertha Greenstein. In the future years, the couple had two daughters, Ruth and Jean. Schultz continued studying for his doctoral degree at Columbia, while at the same time conducting statistical work for the War Trade Board, the
United States Census Bureau and the
United States Department of Labor. He was awarded a PhD in economics from Columbia in
1925 with a thesis on the estimation of
demand curves written under the supervision of
Henry L. Moore.
In
1926 Schultz went to the
University of Chicago, where he spent the rest of his career teaching and doing research. In
1930 he was one of the sixteen founding members of the
Econometric Society. Henry Schultz died on
November 26,
1938, near
San Diego, California, in a tragic car accident that also killed his wife and his two daughters.
Work
Lead by his belief that economics needs rigorous quantitative study to become a science, Henry Schultz was one of the founders of mathematical and statistical economics. His research was centered around a large program dedicated to the theory and estimation of private
demand for goods functions, a project which started in the early 1920s, during his studies at the University of Chicago, and was completed shortly before his death with the publication of his highly influential book Schultz(1938).
Selected Publications
- and XXXIII (6): 577-637. (PhD thesis)
-
-
Influences and legacy
Henry Schultz was the doctoral thesis advisor for several students at Chicago, notably 1978
Nobel Prize in Economics winner
Herbert Simon and future
Cowles Commission director
Theodore O. Yntema. Schultz also influenced
Milton Friedman, who was his student and, for an year, his research assistant.
Henry Schultz started a mathematical economics school at the University of Chicago which, after his tragic early death, was in danger to disappear. This prompted the University to invite the
Cowles Commission, which had a research agenda focused on empirical economics, to move its headquarters there. As a result, the Commission moved to the University of Chicago in 1939 and Theodore O. Yntema, one of Schultz's students, was named as its new president.
Notes and references
==
Further Information
Get more info on 'Henry Schultz'.
|
External Link Exchanges
Do you know how hard it is to get a link from a large encyclopaedia? Well we're different and will prove it. To get a link from us just add the following HTML to your site on a relevant page:
<a href="http://henry_schultz.totallyexplained.com">Henry Schultz Totally Explained</a>
Then simply click through this link from your web page. Our crawlers will verify your link, extract the title of your web page and instantly add a link back to it. If you like you can remove the words Totally Explained and embed the link in article text.
As long as your link remains in place, we'll keep our link to you right here. Please play fair - our crawlers are watching. Your site must be closely related to this one's topic. Any kind of spamming, dubious practises or removing the link will result in your link from us being dropped and, potentially, your whole site being banned. |
